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Ending Duplicative Subsidies for Electric Vehicles Act

12/29/2022, 7:33 AM

Congressional Summary of S 4939

Ending Duplicative Subsidies for Electric Vehicles Act

This bill prohibits duplicative subsidies (i.e., loans, grants, or tax credits) for manufacturers of new clean electric vehicles.

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Current Status of Bill S 4939

Bill S 4939 is currently in the status of Bill Introduced since September 22, 2022. Bill S 4939 was introduced during Congress 117 and was introduced to the Senate on September 22, 2022.  Bill S 4939's most recent activity was Read twice and referred to the Committee on Finance. (text: CR S4972) as of September 22, 2022

Bipartisan Support of Bill S 4939

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
0
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4939

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4939

Ending Duplicative Subsidies for Electric Vehicles Act
Ending Duplicative Subsidies for Electric Vehicles Act
A bill to amend the Internal Revenue Code of 1986 to prevent double dipping between tax credits and grants or loans for clean vehicle manufacturers.

Comments

Sponsors and Cosponsors of S 4939

John Thune
John Thune
South DakotaRepublican
Patrick J. Toomey
Patrick J. Toomey
PennsylvaniaRepublican
Steve Daines
Steve Daines
MontanaRepublican
Bill Cassidy
Bill Cassidy
LouisianaRepublican

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